The Legal Framework and Legal Solutions

The Legal Framework and
Legal Solutions
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Table of Contents
INTRODUCTION...........................................................................................................................3
LO 1.................................................................................................................................................3
P1 Explain different sources of law.............................................................................................3
P2 Role of government in law making and how common and statutory law are applied...........4
LO 2.................................................................................................................................................5
P3 How contract, employment and other laws are applied.........................................................5
LO 3.................................................................................................................................................6
P4 Different types of business organizations...............................................................................6
P5 How firms are funded and managed.......................................................................................7
LO 4.................................................................................................................................................7
P6 Legal solution for solving business disputes..........................................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
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INTRODUCTION
A law consists of several rules and regulations which are to be followed by individual as
well as businesses. There is a proper legal framework in which entire structure of legislation is
defined. This gives insight on rules to be followed. The legal framework differs in nation as per
the government formed (Baillie,, 2019). They play crucial role in it as government govern and
monitor all laws and regulations. It is also implied on business in order to be formed and operate
in that country. However, laws need to be properly governed so that no business run in illegal
way.
the report will lay focus on sources of law in UK and role of government in making of it.
Moreover, it will describe about how contract, employment laws are applied in business and type
of business which exists. furthermore, it will be discussed on sources of funding and ways of
solving dispute in legal manner.
LO 1
P1 Explain different sources of law
In UK there are various sources through which laws and regulation are formed. The
sources enable in governing of laws as well. However, each source is having its own duty and
role in it. Thus, in UK they are defined as below :
Constitutional law- It is foremost law that is to be followed by government as well. In this
various rights and acts are mentioned in it. This is applicable to every citizen as it protects their
rights. Moreover, constitution is written in various languages as well. Along with it, law is
applied to public place and other institutions as well (Guild, Grant. and Groenendijk, 2020).
Statutory law- It is applicable to individual as well as private business and company. The law
enact in different way. The statute is mainly written law which always enacted in the different
manner. Many statutes are voted as well as written into the specific law by other government
branch. It is the simplest way to determine the group of individual that are elected for purpose.
Each and every state must follow the legislation and codify their criminal statues into penal bar.
The statutory law is generally inferiors to other constitutional law. It means that statute never
conflict with another supersede right of constitution. At that time, court plays significant role to
resolve the conflict issues . If in case, it has found the invalid unconstitutional statues which
automatically control to use the judicial power.
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